Tag: CBN
Nigeria’s foreign reserves hit $34.49 bn
The Central Bank of Nigeria (CBN) on Wednesday pegged the nation’s foreign exchange reserves at 34.49 billion dollars (N5.74 trillion)…
Diversifying Nigeria’s Economy
For decades, Nigeria has been over relying on oil to drive its economy. Following the massive decline in global oil…
2015: A Gloomy Year For Nigerian Consumers
The outgone 2014 was a tough year for the Nigerian consumer, but 2015 may likely be even tougher. From all…
CBN Unveils New N100 Note
The Central Bank of Nigeria said that the commemorative N100 banknote unveiled recently by President Goodluck Jonathan, is going into…
The New Forex Policy Of Doom
Last month, the Central Bank of Nigeria (CBN) rolled out a new foreign exchange market policy, which excluded finished products,…
Nigerian naira devaluation leads to fears about the economy
Nigerians on Wednesday voiced fears about the central bank’s devaluation of the naira, warning that a country largely dependent on…
Central Bank devalues naira, seeks to stabilize currency
Nigeria devalued its currency on Tuesday, seeking to stabilise the naira after it hit historic lows against the US dollar,…
2015: History Beckons On Buhari To Step Forward
By Joe Igbokwe I am writing this article in my capacity as Joe Igbokwe, I am writing this piece as…
Naira’s Value Further Nosedives To N173 Per Dollar
Nigeria’s naira closed at a new low of 173.20 against the dollar on Monday, down 1.21 percent in volatile trades,…
Aregbesola seeks approval of N2bn loan
Governor Rauf Aregbesola of Osun has sought for the approval of the State House of Assembly to access N2 billion…
Jonathan’s Rising Profile
By Ben Nanaghan For those who are averse to anything good about President Goodluck Jonathan, for those who openly sponsor…
SERAP sues CBN for shielding Boko Haram sponsors
A human rights group in Nigeria, Socio-Economic Rights and Accountability Project (SERAP) has dragged the Central Bank of Nigeria (CBN)…
CBN to strengthen banks through policies, regulations
The Central Bank Governor, Mr Godwin Emefiele, said on Sunday that the apex bank would continue to make policies that…
2015: Elections will not deplete our finances – Emefiele
The governor of the Central Bank Governor (CBN), Godwin Emefiele, has said the 2015 general elections would not deplete the…
CBN lists challenges to electronic payment system
The Central Bank of Nigeria (CBN) has named weak risk management framework and security issues among the major challenges affecting…
CBN Governor’s 100 Days In Office
Having spent his first one hundred days in office, Godwin Emefiele, Governor of the Cental Bank of Nigeria, CBN, has…
Lawmaker wants CBN to reverse N65 ATM charge
Mr Kamil Oyedele, Chairman of Osun state House of Assembly Committee on Finance and Appropriation, on Wednesday urged the Central…
NACCIMA faults CBN high lending rates
Henry Ojelu The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA has said that the continued retention…
CBN Funding Of Boko Haram
Allegations by Stephen Davis, an Australian hostage negotiator, that Boko Haram is being funded by prominent politicians via the Central…
NATCOMS blasts CBN for charges on ATM withdrawals
National Association of Telecom Subscribers (NATCOMS) has labelled the new Central Bank of Nigeria (CBN) charges on Automated Teller Machine…
CBN Lauds Glo Mobile Money Agent Network
Henry Ojelu The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has commended the launch of the first…
CBN disburses N237bn to 313 agric projects
The Central Bank of Nigeria (CBN) said it had disbursed N237 billion to 313 projects under the Commercial Agriculture Credit…
Union, Sterling bag CBN’s agriculture awards
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday has rewarded Union Bank of Nigeria for…
FG to establish development finance institution – Jonathan
President Goodluck Jonathan on Tuesday in Abuja said the Federal Government would establish a wholesale Development Finance Institution (DFI) to…
CBN’s Negative Policy
The announcement last week of a planned re-introduction of N65 charge on Automated Teller Machines, ATMs, by the Central Bank…
CBN reintroduces charges on ATM cards
The Central Bank of Nigeria (CBN) said that Automated Teller Machines (ATM) withdrawals would attract N65 per transaction to cover…
FG targets 5000mw of electricity, 370m gas by Dec
The Federal Government has concluded arrangements to boost gas supply nationwide by 370 million metric cubic feet per day (mcf/d)…
Sanusi Withdraws Law Suit Against Jonathan
The Emir of Kano and former Governor of the Central Bank of Nigeria, CBN, Lamido Sanusi, has dropped the suit…
Robbers Kill 4 Policemen, Others
Jethro Ibileke/Benin Armed robbers on Tuesday attacked a bullion van conveying money from Agbor in Ika South Local Government Area…
Tackling The Threat Of Cyber Crime In Nigeria
A fortnight ago, Mr Adebayo Adelabu, deputy governor, Financial Systems Stability, Central Bank of Nigeria, said 2.4 per cent of…